New York Diamonds articles from November 2001

New York Diamonds archives from November 2001

Message from the publisher.(Brief Article)(Column)
November 1, 2001... Dear readers, We open this issue with the testimony of Ettagale Blauer, editor of New York Diamonds, who witnessed and photographed the September 11 arrack on the World Trade Center from her balcony in Manhattan. The attack and its...

A city's tragedy: `The smoke rose up like a permanent cloud for the first two weeks and then dissipated somewhat, although its smell continued to permeated the entire region. But I didn't need the smoke to remind me of the grim task that was being enacted day and night at ground zero.'.(Column)
November 1, 2001... For nearly all my adult life, when I've looked out the windows of my apartment, my view included the twin towers of the World Trade Center. They were part of my landscape, a guide to the way the sun crossed overhead, eventually reflecting off...

Izhakoff honored by Belgian king. (Trade Notes).(Eli Izahakoff)(Albert II, King of Belgium)(Brief Article)
November 1, 2001... Eli Izhakoff, the chairman of the World Diamond Council, and the former president of the World Federation of Diamond Bourses and the Diamond Dealers Club in New York, has been named an Officer of the Order of King Leopold by King Albert II of...

M. Schnitzer opens NY office. (Trade Notes).(Moshe Schnitzer)(Israel Diamond Exchange)(Brief Article)
November 1, 2001... When the firm created by Moshe Schnitzer, the current chairman of the Israel Diamond Institute, and counting among its partners his son, Shmuel Schnitzer, the president of the Israel Diamond Exchange and vice president of the World Federation...

Certification: The fifth "C": diamond grading is today an essential trade, and big business. And the playing field is relatively open, GIA still rules the roost. But it still does not grade cut, and there are increasing calls among diamantaires that it should meet this market demand. (Gemology).(Gemological Institute of America)
November 1, 2001... Diamond grading is today an essential part of the diamond trade, and big business. And while the playing field is relatively open, GIA still rules the roost. But it still does not grade cut, and there are increasing calls among diamantaires...

Major diamond grading labs: a listing (part 1). (Gemology).
November 1, 2001... With an abundance of gem labs to choose from for diamond grading and appraisal certificates--and a plethora of different grading systems, terminology, prices and other factors--it's hard enough for those in the industry, let alone the...

Will Zales take Manhattan? Zales, The Diamond Store, the flagship of the nation's biggest retailer has finally made it to the most dynamic corner of the U.S. jewelry market, the Borough of Manhattan. But has the company, which specializes in shopping mall locations, got what it takes to conquer an area where the boutique traditionally bas ruled? (The Diamond Market).
November 1, 2001... Zales, The Diamond Store, launched three stores in Manhattan this year, marking the first foray for the nation's biggest retailer of fine jewelry into this unique market. Opening over a four month-long period, from February to June, the...

Rough diamonds' major leaguers: When it comes to the rough diamond business, a new order is developing. No longer the exclusive custodian of the diamond business, De Beers has been joined by a group of rough diamond distributors, some of which are affiliated to natural resource conglomerates even larger than itself. (Special Report).
November 1, 2001... How times have changed. Ten years ago, the diamond business looked pretty much as it had during the previous 50. De Beers controlled between 80 and 90 percent of the rough diamonds flowing into the pipeline, wholly-owning or part-owning the...

A new giant moves in: There were rumors that the newly reconstituted natural resource giant, BHP-Billiton, was about to sell off the Ekati mine as a `non-core asset.' But these were rejected, and, if anything, the conglomerate appears to be increasing its involvement in the diamond business. (Special Report).(Ekati diamond mines Northwest Territories, Canada)
November 1, 2001... On June 29, 2001, the world's second largest natural resource group was born, with the merger of Australia's BHP Limited and the London-headquartered Billiton PLC. Based on the closing share prices of BHP and Billiton on June 28, 2001, the...

Return from near oblivion: It was not too long ago that diamond industry pundits were writing Rio Tinto's obituary. But reports of its demise were premature. From a diamond perspective, the company is today stronger and growing in prominence as a producer and marketer of rough. (Special Report).
November 1, 2001... On September, Canada's Trivalence Mining Corporation issued an announcement that its wholly owned subsidiary, Pioneer Mining Company N.V., had just signed a letter of understanding with Tinto Botswana Exploration Pty Limited, which is a...

Where hope springs eternal: Today junior mining companies with decent prospects have options. No longer dependent upon fickle speculators, the junior miner can go, plan in hand, to a number of major players, all looking to expand their production base. (Special Report).
November 1, 2001... It was not too long ago, when junior diamond mining companies were to the stock market what dot-coms were later to become. All a junior miner seemed to need was a concession and a rudimentary prospecting plan, and the investors came running....

Keeping peace in the DDC family. (DDC Facets).(Diamond Dealers Club)
November 1, 2001... The heart and soul of the diamond business is the oral agreement that exists between buyer and seller. And just as diamond deals worth millions are sealed with a handshake, disputes, too, are generally resolved in a manner that is specific to...